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Opinion: What's ailing the ACA—insurers or Congress?

Since the Affordable Care Act – or what many call Obamacare – has been labeled a failure since the day it started, according to some political types, it's difficult to know if the recent defections by large insurance ...

Aug 24, 2016
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Insurance

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

This text uses material from Wikipedia, licensed under CC BY-SA

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